Network Airline Management (NAM) has extended its long-term partnership with Air Atlanta Icelandic by adding two further B747-400F production freighter aircraft to its fleet.
Howmet's John Plant, often seen as a shrewd prognosticator of large aircraft manufacturing rates, has slashed his company’s expectations for 737 shipments.
AMERICAN AIRLINES plans in 2H24 to suspend several long-haul routes (JFK-Athens/-Barcelona, Chicago-Paris CDG, Philadelphia-Venice and DFW-Dublin/-Rome), it says earlier than planned due to delayed deliveries of 787s from Boeing.
WILLIS LEASE FINANCE had $20.9m net income on $119.1m revenues in 1Q24 vs $4.4m on $89.5m in 1Q23. It has 337 engines (vs 341 a year ago), 14 aircraft (vs 13), a marine vessel and leased parts and equipment worth $2.27b.
GLOBAL AIRLINES ferried its first A380 (120; ex-China Southern) from Mojave to Glasgow Prestwick in partnership with Hi Fly in preparation for startup following interior refurbishment and development of maintenance structure at airport.
AVOLON had $107m net profit on $621m lease revenue in 1Q24 vs $56m on $599m in 1Q23. It ended the quarter with owned/managed/committed fleet of 1,033 aircraft on lease to 145 airlines in 64 countries and $6.6b of liquidity.
AIR CANADA had $81m net loss on $5.2b revenues in 1Q24 vs $4m profit on $4.9b in 1Q23. It says it is in process of arranging lease agreements for some additional 737-8s for delivery in 2024 to enter service in 2025 after reconfiguration.
